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      Question

      Who heads the Empowered Committees on MSMEs formed at

      the Regional Offices of the Reserve Bank of India?
      A The Finance Secretary of India Correct Answer Incorrect Answer
      B The Deputy Governor of the Reserve Bank of India Correct Answer Incorrect Answer
      C The Regional Director of the Reserve Bank of India Correct Answer Incorrect Answer
      D The Managing Director of NABARD Correct Answer Incorrect Answer
      E The State Industries Commissioner Correct Answer Incorrect Answer

      Solution

      The Empowered Committees on MSMEs established at the RBI’s Regional Offices are chaired by the Regional Directors. These committees comprise multiple stakeholders, including senior representatives of banks actively financing MSMEs, the SLBC Convenor, SIDBI officials, the State Government’s Director of Industries or MSME, representatives from MSME associations, and officers from SFCs/SIDCs. The committees regularly meet to evaluate the progress of MSME credit flow, deliberate on the rehabilitation of stressed MSME units, and facilitate effective coordination among financial institutions and government bodies. This structure ensures timely intervention and smoother access to finance for the MSME sector.

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